Market Overview:
The global chemical blowing agents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyurethane foams, polystyrene foams, and polyolefin foams across various applications. In addition, the growing demand for insulation materials in construction and automotive industries is also contributing to the growth of this market. Based on type, the global chemical blowing agents market can be segmented into ADC (azodicarbonamide), HFC (hydrofluorocarbons), and others. ADC dominates this market owing to its properties such as high thermal stability and low toxicity. Based on application, this market can be segmented into polyurethane foams, polystyrene foams, polyolefin foams, and others.
Product Definition:
Chemical blowing agents are substances used to produce gas bubbles in a material, for the purpose of expanding or foaming it. The gas bubbles can be used to produce insulation, or to create objects with a lightweight structure.
ADC:
ADC is an additive which improves the performance of chemical blowing agents. It increases the flow rate and reduces cold-flow, thus increasing productivity. The global market for ADC has been growing at a steady pace owing to its increasing usage in various applications such as plasticizers, rubber additives, printing ink additives and lubricant additives among others.
The demand for these products is driven by rising consumption from end-use industries such as automotive & transportation, construction chemicals and consumer goods among others.
HFC:
HFC is short for Hydrofluorocarbons. It is a group of compounds that contains the same carbon and hydrogen as in normal air but with double the carbon content. The compound has a very strong greenhouse effect, which makes it useful for cooling down infrared-sensitive equipment such as military lasers and satellite TV remote controls. HFCs also have applications in refrigerants used to cool down rooms and equipment where there is no electricity, such as mobile homes or camping trailers.
Application Insights:
Polyurethane foams emerged as the largest application segment and accounted for over 30% of the global demand in 2017. These are extensively used in mattresses, seating cushions, bedding products and other soft furniture applications. The growing popularity of lightweight polyurethane foam owing to its durability, flexibility and cost-effectiveness is expected to drive growth over the forecast period.
The product plays a significant role in various types of foams that are used for insulation purposes or as an alternative to fiberglass or cellulose insulation materials. In addition, it finds application as an ingredient in soundproofing materials where it helps reduce noise pollution by muffling sounds through absorption or reflection techniques.
Regional Analysis:
Asia Pacific was the dominant regional segment in 2017 and accounted for over 45% of the overall revenue share. The region is projected to continue its dominance over the forecast period as well. This can be attributed to growing product demand from various end-use industries, such as construction, automotive, packaging and foams. In addition, rising population coupled with increasing consumer disposable income levels will drive further growth in this region during the forecast period.
The market in North America is expected to witness significant growth due to stringent government regulations regarding global warming emissions along with rising environmental concerns pertaining to chemical blowing agents usage across various applications such as paints & coatings manufacturing.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing demand for insulation materials in construction sector
- Rising awareness about the benefits of using chemical blowing agents over traditional blowing agents
- Technological advancements in chemical blowing agent production process
- Stringent environmental regulations to promote the use of environmentally friendly chemicals
Scope Of The Report
Report Attributes
Report Details
Report Title
Chemical Blowing Agents Market Research Report
By Type
ADC, HFC, Others
By Application
Polyurethane Foams, Polystyrene Foams, Polyolefin Foams, Others
By Companies
AkzoNobel N.V., Americhem, Arkema S.A., Daikin Industries, Ltd., Chemours, Eiwa Chemical, Exxon Mobil Corporation, Foam Supplies, Inc., Haltermann GmbH, HARP International Ltd., KibbeChem, Inc., Linde AG, Solvay SA, ZEON Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Chemical Blowing Agents Market Report Segments:
The global Chemical Blowing Agents market is segmented on the basis of:
Types
ADC, HFC, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Polyurethane Foams, Polystyrene Foams, Polyolefin Foams, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel N.V.
- Americhem
- Arkema S.A.
- Daikin Industries, Ltd.
- Chemours
- Eiwa Chemical
- Exxon Mobil Corporation
- Foam Supplies, Inc.
- Haltermann GmbH
- HARP International Ltd.
- KibbeChem, Inc.
- Linde AG
- Solvay SA
- ZEON Corporation
Highlights of The Chemical Blowing Agents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ADC
- HFC
- Others
- By Application:
- Polyurethane Foams
- Polystyrene Foams
- Polyolefin Foams
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chemical Blowing Agents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major companies in the chemical blowing agents market are AkzoNobel N.V., Americhem, Arkema S.A., Daikin Industries, Ltd., Chemours, Eiwa Chemical, Exxon Mobil Corporation, Foam Supplies, Inc., Haltermann GmbH, HARP International Ltd., KibbeChem, Inc., Linde AG, Solvay SA, ZEON Corporation.
The chemical blowing agents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chemical Blowing Agents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chemical Blowing Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chemical Blowing Agents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chemical Blowing Agents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chemical Blowing Agents Market Size & Forecast, 2018-2028
4.5.1 Chemical Blowing Agents Market Size and Y-o-Y Growth
4.5.2 Chemical Blowing Agents Market Absolute $ Opportunity
Chapter 5 Global Chemical Blowing Agents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chemical Blowing Agents Market Size Forecast by Type
5.2.1 ADC
5.2.2 HFC
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chemical Blowing Agents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chemical Blowing Agents Market Size Forecast by Applications
6.2.1 Polyurethane Foams
6.2.2 Polystyrene Foams
6.2.3 Polyolefin Foams
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chemical Blowing Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chemical Blowing Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chemical Blowing Agents Analysis and Forecast
9.1 Introduction
9.2 North America Chemical Blowing Agents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chemical Blowing Agents Market Size Forecast by Type
9.6.1 ADC
9.6.2 HFC
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chemical Blowing Agents Market Size Forecast by Applications
9.10.1 Polyurethane Foams
9.10.2 Polystyrene Foams
9.10.3 Polyolefin Foams
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chemical Blowing Agents Analysis and Forecast
10.1 Introduction
10.2 Europe Chemical Blowing Agents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chemical Blowing Agents Market Size Forecast by Type
10.6.1 ADC
10.6.2 HFC
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chemical Blowing Agents Market Size Forecast by Applications
10.10.1 Polyurethane Foams
10.10.2 Polystyrene Foams
10.10.3 Polyolefin Foams
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chemical Blowing Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chemical Blowing Agents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chemical Blowing Agents Market Size Forecast by Type
11.6.1 ADC
11.6.2 HFC
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chemical Blowing Agents Market Size Forecast by Applications
11.10.1 Polyurethane Foams
11.10.2 Polystyrene Foams
11.10.3 Polyolefin Foams
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chemical Blowing Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America Chemical Blowing Agents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chemical Blowing Agents Market Size Forecast by Type
12.6.1 ADC
12.6.2 HFC
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chemical Blowing Agents Market Size Forecast by Applications
12.10.1 Polyurethane Foams
12.10.2 Polystyrene Foams
12.10.3 Polyolefin Foams
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chemical Blowing Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chemical Blowing Agents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chemical Blowing Agents Market Size Forecast by Type
13.6.1 ADC
13.6.2 HFC
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chemical Blowing Agents Market Size Forecast by Applications
13.10.1 Polyurethane Foams
13.10.2 Polystyrene Foams
13.10.3 Polyolefin Foams
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chemical Blowing Agents Market: Competitive Dashboard
14.2 Global Chemical Blowing Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel N.V.
14.3.2 Americhem
14.3.3 Arkema S.A.
14.3.4 Daikin Industries, Ltd.
14.3.5 Chemours
14.3.6 Eiwa Chemical
14.3.7 Exxon Mobil Corporation
14.3.8 Foam Supplies, Inc.
14.3.9 Haltermann GmbH
14.3.10 HARP International Ltd.
14.3.11 KibbeChem, Inc.
14.3.12 Linde AG
14.3.13 Solvay SA
14.3.14 ZEON Corporation
